Lockheed Wins $223M South Korea Apache Sensor Sale

lockheed martinLockheed Martin (NYSE: LMT) has won a $223 million contract to produce sensor equipment for use on South Korea’s fleet of Apache helicopters.

South Korea is the 12th country to purchase AH-64E Apaches that are equipped with the company’s Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor, the company said Monday.

The contract covers production of 36 M-TADS/PNVS systems and spares through 2018.

According to the company, the M-TADS/PNVS systems work to function as the “eyes of the Apache” with its infrared sensors that give Apache aircrews image resolution.

Lockheed designed the equipment to work for missions during day, night and adverse weather conditions.

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